DAILY: China's imported iron ore prices slip, sales recover

Chinese prices of imported iron ore for both portside stocks and seaborne cargoes declined moderately on June 4, while transaction volumes in the two markets rebounded on the same day.

On Thursday, Mysteel PORTDEX 62% Australian Fines in Qingdao was assessed at Yuan 746/wmt ($110/wmt) FOT including the 13% VAT, slumping by 14/wmt on day, while Mysteel SEADEX 62% Australian Fines also declined by a sizeable $2.35/dmt on day to $103/dmt CFR Qingdao. In the derivatives market, domestic iron ore